MIAMI—Armando Codina is stepping down from the commercial real estate firm that bears his name. He will hand the CEO reigns over to his daughter, Ana-Marie Codina Barlick.

Codina Barlick previously served as managing director of the firm. Codina will maintain his role as executive chairman of the company.

“Ana's foresight, tireless work and overall dedication to the community is a large part of why Codina Partners has grown to where it is today, and will continue to prosper,” says Codina. “It is the duty of every CEO to develop capable leadership and plan for an orderly succession. In appointing Ana CEO I'm doing just that, and needless to say I am quite proud.”

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